Advisors Capital Management

Charles Lieberman, a co-founder and the firm's Chief Investment Officer, leads all investment decisions. Lieberman previously served as chief economist at Manufacturers Hanover and as a managing director at Morgan Stanley. His macro-economic background heavily influences the firm's sector allocation and fixed-income duration calls, and he is the primary voice on the firm's regular market commentary and model-portfolio adjustments distributed to the RIA network.

Advisors Capital does not market directly to individual investors. Instead, it distributes exclusively through a network of independent registered investment advisors who use the firm's separately managed accounts as outsourced investment solutions for their end clients. The firm's strategies are accessible on major RIA custodial platforms including Schwab and Fidelity.

Its primary strategies span US large-cap equities, fixed income, and balanced mandates. The equity portfolios are concentrated, typically holding 25–35 stocks with a focus on dividend growth and quality factors. The fixed-income strategies cover investment-grade corporates, municipal bonds, and Treasuries, with active duration management driven by the firm's macro outlook.

The firm is built entirely around separately managed accounts. It does not manage mutual funds or ETFs, and it does not operate private pooled vehicles. The SMA structure allows RIAs to retain direct client relationships and custody while Advisors Capital runs the day-to-day portfolio management on a discretionary basis.

Portfolio commentary and public model disclosures show a recurring emphasis on financial services, healthcare, and technology, often complemented by consumer discretionary and industrial positions. The firm's macro-driven framework means sector tilts shift with the interest-rate and inflation outlook, but the quality-and-dividend lens keeps the portfolio tilted toward mature, cash-generating businesses rather than early-stage growth companies.